Clause Search Results

firb approval property contract australia federal in Australian property contracts

Results are ranked by clause relevance, buyer-risk fit, and how closely the page matches your search intent.

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#1Australia (Federal)Critical RiskStrong match

FIRB Approval

FIRB Approval: What Foreign Buyers in Australia Must Know

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#2Australia (Federal)Special Clauses

Electronic Settlement (PEXA)

Understanding Electronic Settlement (PEXA) in Your Australia (Federal) Property Contract

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#3Australia (Federal)Special Clauses

Foreign Resident Capital Gains Withholding

Understanding Foreign Resident Capital Gains Withholding in Your Australia (Federal) Property Contract

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#4Australia (Federal)Special Clauses

GST Withholding

Understanding GST Withholding in your Australia (Federal) Property Contract

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#5Australian Capital TerritoryCritical Risk

Unconditional Contract

Understanding the Unconditional Contract in the Australian Capital Territory Property Market

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#6Australian Capital TerritoryCritical Risk

Subject to Finance

Understanding the Subject to Finance Clause in an Australian Capital Territory Property Contract

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#7Western AustraliaTitle & Due Diligence

Local Government Approval

Local Government Approval in Western Australia: Unpacking Your REIWA Contract Obligations

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#8Australian Capital TerritoryTitle & Due Diligence

Caveat on Property

Understanding the Caveat on Property in an Australian Capital Territory Property Contract

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#9Australian Capital TerritoryTitle & Due Diligence

Flood Zone Property

Understanding Flood Zone Property Clauses in your Australian Capital Territory Property Contract

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#10Northern TerritoryTitle & Due Diligence

Local Government Approval (NT)

Local Government Approval (NT): Understanding Council Compliance in Your Northern Territory Property Contract

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Search Summary

Found 320 relevant pages. The strongest matches explain what “firb approval property contract australia federal” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Criminal penalties — Purchasing without FIRB approval can result in fines of up to $168,750 for individuals and forced divestiture (being forced to sell) of the property.
• Contract invalidated — If your contract does not include a FIRB approval condition and approval was required, the entire contract may be void.
• Time pressure — FIRB approval typically takes 30 days but can take up to 90+ days. A contract with a tight settlement date may fail if approval is delayed.
• Temporary residents — Many buyers incorrectly assume their temporary visa exempts them from FIRB. The rules are complex and depend on visa type, property type, and whether the property is new or established.
• Surcharge land taxes — FIRB approval does not protect you from foreign investor surcharges on stamp duty and land tax, which vary significantly by state.
• Cybersecurity and Phishing: If a legal practitioner’s email is compromised and fraudulent bank account details are entered into the PEXA workspace, your settlement funds—often hundreds of thousands of dollars—could be transferred to a criminal's account with very little chance of recovery.